Cardano broke above parity | ADAUSD

ADAUSDCardano prices continue to rise strongly after the earlier breakout of the round resistance level 1.00000 intersecting with the 50% Fibonacci correction of the previous downward impulse from the start of February.

 

Given the strength of the active corrective wave (ii) and the strong bullish sentiment that can be seen across the cryptocurrency market today – Cardano cryptocurrency prices can be expected to rise further toward the next resistance level 1.200 (previous strong resistance from the start of February).

ADAUSD - Primary Analysis - Mar-24 0924 AM (1 day)

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